The government of Mozambique is guaranteeing that sugar mills in Mafambisse and Xinavane will not be closed and no workers will be laid off, despite financial troubles for the mills’ majority shareholder, trade minister Ragendra de Sousa told
The Xinavane sugar mill in southern Mozambique is under threat of closure following a decision by its majority owner, South Africa’s Tongaat Hulett, to walk away from its other Mozambican mill at Mafambisse in the centre of the country.
The Mafambisse sugar mill is on the brink of being closed, Zitamar News has been told by various sources, as its South African majority owner, Tongaat Hulett, is seeking [...]
South African sugar producer Tongaat Hulett, which operates two sugar plantations in Mozambique, is entering talks with its creditors after warning investors it made a $90 million loss over the last year - a drastic turnaround from the $44 million profit the company made the year [...]
South African sugar producer Tongaat Hulett’s profits in Mozambique have almost halved in the last year, which the company blamed on a strong metical and disappointing exports. Profits from Tongaat Hulett’s Mozambique [...]
Welcome to Zitamar’s daily Mozambique briefing for 5 April, 2018. Agenda
- Today: Private business association CTA holds a workshop to discuss its position on planned Local Content legislation
- Today: [...]
The removal of a cap on EU sugar production signals tough times ahead for Mozambican producers, despite the signing of a new deal ensuring duty-free access to European markets. “The problem is that we still have [...]
The free trade agreement between the European Union (EU) and the countries of the Southern African Development Community (SADC), finally implemented in Mozambique on Monday, will help develop domestic industry in Mozambique, the EU says.